Well, we know what they say about statistics, but nonetheless ...

April 3, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the 2023 First Quarter statistics for home sales in The Town of Greenwich, CT.

There were 84 single-family residential closings reported during this period according to figures provided by The Greenwich Multiple Listing Service, Inc., the multiple listing service used by REALTORS® in the Greenwich area.

The number of single-family residential closings decreased compared to Q1 2022 when there were 142 closings. The median sale price for a single-family home decreased to $2,517,750 from the median sales price in Q1 2022, which was $2,525,000.

The average days on the market (DOM) for residential homes was 104 days; which was a decrease from 137 days in Q1 2022.

There were 54 condo/co-op residential closings reported during this time period; which was an increase from Q1 2022 when there were 49 closings. 

The median sale price for a condo/co-op increased to $817,500 from the median sales price in Q1 2022, which was $716,000. 

The average days on the market (DOM) for condo/co-op residential homes was 81; which was a decrease from 119 days in Q1 2022.

 I’ll try to get the numbers for specific areas, because my sense of things is that Riverside and Old Greenwich sales are significantly different from other areas, both in average days on market (much lower) and sle price (higher)